Will be looking to close out if closes as a failure test today. Otherwise hold to target.
Bull flag entry from last Thu looking to manage stop today as we move closer to 1R target Should we see a strong day move past target will move stop up and trail. Stalling around 80% of target level will close our move stop tight.
Bull flag in uptrend breaking out following NR days. Expect follow through and tighten on failure of momentum. Looking for 1R target.
Flag Momentum Burst entry, long, 1R Target. Established uptrend Strong, linear move Volatility contraction moves back into the channel Negative day prior to breakout Entry on momentum candle - Should see candle close near the high in order to hold and expect to see follow-through, otherwise move stop up tightly or close.
Trigger for entry to bear flag short on 4h TF. Still in a clear downtrend. Momentum candle from pullback. Target is 1R.
Take into account market structure when managing trades. There's times when it pays to be aggressive with cutting profits and tightening stops, and times when you need to let something play out. Having an awareness of what the overall market is doing and what the environment is like can help you make small changes that help you protect capital. For example, if you...
Decent bull flag out of sharp momentum up. MACD Indicates swing point. Initial target is 1R.
Finally seeing enough to get short here. Been a choppy couple of weeks with a false-rally on most indexes, which are now all looking likely to test lows again. This Bear Flag is complete with three highs and has started to breakdown. Target is the low around 1.6R.
BX - Bull flag within the resolution of a larger range. Expect to test highs again. 1R Initial target.
BDSI now in a confirmed uptrend, with a bull flag on momentum. Initial 1R Target.
Ongoing clear downtrend intact, with momentum. Pull back functioned as a bear flag with a change of momentum as entry trigger. Global stock markets pushing to test lows again.
Silver going short from bear flag. 4h downtrend intact with momentum. Strong price rejection overhead now likely to resolve lower from bear flag into long term support again. 1R target.
An example of a market that is at ATHs but the long term uptrend is still intact. May be starting to show signs of topping out so will be on the watch out for failures at the previous high.
Been hovering at entry for a few days now but trade is still valid. Just tightened stop due to lack of follow through but market looks good for now.
May take profit at the ATH if stalls. Clear trending market, pull back and overall bullish momentum in the market.
Sometimes a 'pullback' is actually price rejection from an area and there are ways you can filter out the ones that are likely to mean revert that bit harder. When you are looking a pullback setup in a market, you don't want to see areas of S/R forming and getting broken in the direction against where you want to trade. You either don't trade or wait until price...
Sometimes a flag looks like it's failed, but it may still play out. You see this particularly strongly in major indexes where you get a snap move against the trend that just retraces and makes a 'sharp' flag pattern.
Strong momentum against the previous trend followed by consolidation. Swing trading Daily timeframe.